Leonteq Securities AG Takes Position in NXP Semiconductors N.V. $NXPI

Leonteq Securities AG acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,028 shares of the semiconductor provider’s stock, valued at approximately $1,091,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise boosted its holdings in NXP Semiconductors by 5.1% during the fourth quarter. Banque Cantonale Vaudoise now owns 24,894 shares of the semiconductor provider’s stock worth $5,404,000 after buying an additional 1,201 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in NXP Semiconductors during the fourth quarter worth approximately $49,000. GSA Capital Partners LLP boosted its holdings in NXP Semiconductors by 52.6% during the fourth quarter. GSA Capital Partners LLP now owns 5,752 shares of the semiconductor provider’s stock worth $1,249,000 after buying an additional 1,982 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in NXP Semiconductors by 24.3% during the fourth quarter. Handelsbanken Fonder AB now owns 235,421 shares of the semiconductor provider’s stock worth $51,100,000 after buying an additional 45,997 shares in the last quarter. Finally, Hartford Funds Management Co LLC boosted its holdings in NXP Semiconductors by 16.8% during the fourth quarter. Hartford Funds Management Co LLC now owns 7,373 shares of the semiconductor provider’s stock worth $1,601,000 after buying an additional 1,063 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Cantor Fitzgerald raised their target price on shares of NXP Semiconductors from $380.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Jefferies Financial Group raised their target price on shares of NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company raised their target price on shares of NXP Semiconductors from $235.00 to $265.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $294.25.

NXP Semiconductors Trading Down 3.5%

NASDAQ NXPI opened at $299.38 on Friday. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $311.04. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $75.58 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 1.12 and a beta of 1.77. The firm’s fifty day simple moving average is $232.41 and its 200-day simple moving average is $225.68.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the business posted $2.64 earnings per share. NXP Semiconductors’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.4%. NXP Semiconductors’s dividend payout ratio is 38.76%.

Insider Transactions at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 4,576 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total value of $1,070,921.28. Following the transaction, the executive vice president directly owned 5,389 shares of the company’s stock, valued at approximately $1,261,187.67. This represents a 45.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the transaction, the executive vice president directly owned 2,020 shares in the company, valued at $474,700. This trade represents a 72.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 10,865 shares of company stock valued at $2,508,416. 0.12% of the stock is owned by insiders.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.